Primo Water Co. (NASDAQ:PRMW) to Issue $0.06 Quarterly Dividend


Share on StockTwits

Primo Water Co. (NASDAQ:PRMW) announced a quarterly dividend on Thursday, November 5th, Wall Street Journal reports. Investors of record on Tuesday, November 24th will be given a dividend of 0.06 per share on Friday, December 4th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, November 23rd.

Primo Water stock opened at $14.79 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.92 and a quick ratio of 0.70. Primo Water has a 1-year low of $6.33 and a 1-year high of $16.00. The firm has a market capitalization of $2.37 billion, a P/E ratio of 164.35, a price-to-earnings-growth ratio of 4.62 and a beta of 0.77. The company’s 50-day moving average is $14.06 and its 200 day moving average is $13.51.

Primo Water (NASDAQ:PRMW) last issued its earnings results on Thursday, November 5th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. Primo Water had a net margin of 1.29% and a return on equity of 7.11%. Research analysts anticipate that Primo Water will post 0.12 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Primo Water from a “sell” rating to a “strong sell” rating in a research report on Monday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Primo Water in a research report on Monday, August 10th. CIBC raised shares of Primo Water from a “neutral” rating to an “outperform” rating in a report on Friday, November 6th. TD Securities lifted their price objective on shares of Primo Water from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 6th. Finally, Citigroup lifted their price objective on shares of Primo Water from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.65.

About Primo Water

Primo Water Corporation provides home and office bottled water delivery and water filtration services in North America and Europe. It offers water dispensers, purified bottled water, and self-service refill drinking water; and coffee and tea, and sparkling water beverages from Sparkling Ice, as well as other premium water products.

Recommended Story: Growth and Income Funds

Dividend History for Primo Water (NASDAQ:PRMW)

Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.